Citigroup, Inc (NYSE: C) has hired Irene Fang as the company’s new Corporate Fair Lending Director for all of the firm’s U.S. based businesses.
Dr. Irene Fang will be responsible for managing Citigroup, Inc (NYSE: C)’s Fair Lending Program to ensure “consistency across businesses with regard to fair lending policies and practices,” according to a blog post from Citigroup’s “A New Citi” blog.
Before taking her position at Citigroup, Inc (NYSE: C), Dr. Fang worked at the Office of the Comptroller of the Currency (OCC). For more than 11 y ears, where she was most recently head of the Compliance Risk Analysis Division in the Economics Department, which, according to Citigroup, “supports the annual fair lending reviews at every bank in the OCC’s large bank program and a number of midsize and community banks.”
Citigroup, Inc (NYSE: C) Community Development Global Director Robert Annibale said, Irene’s appointment reaffirms Citi’s longstanding commitment to fair lending and ensures that we continue to have in place the proper policies, procedures and controls. During her career at the OCC, Irene built the fair lending group which today sets the industry standard for risk assessment and modeling.”
Fang will be based out of New York and be reporting to Citigroup, Inc (NYSE: C) Director of Community Reinvestment Act and Fair Lending Lloyd Brown. Citigroup, Inc (NYSE: C) said that “She will have oversight responsibility for Fair Lending Officers embedded within Citi’s various businesses.”
Shares of Citigroup, Inc (NYSE: C) traded down 0.49% hitting $4.10 on Friday.
